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Lorri Hoffman

Lorri Hoffman

Team Lead Loan Officer
Movement Mortgage
NMLS ID # 105066

Movement Blog

House down payment

August 22, 2019

What is a down payment on a house?

Oh, the beloved down payment. Rumor has it that you have to save up 20% of the house cost for a house down payment. Is that really true though? What is a down payment even for? If you've been wondering what is a down payment on a house,...

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Lorri Hoffman
Lorri Hoffman
Team Lead Loan Officer
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19720 Jetton Rd, Stes 202 & 203, Cornelius, NC 28031
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NMLS # 105066

State License #AR-105066, CA Department of Financial Protection & Innovation (DFPI) under the California Residential Mortgage Lending Act-DFPI105066, CO-100541817, DC-MLO105066, GA-62040, FL-LO53896, IL-031.0086719, IN-DFI-71842, KY-MC864717, MD-105066, NV-NMLO-101826, NJ-Temporary Authority, NC-I-160402, OH-MLO-OH.105066, PA-110492, SC-MLO - 105066, TN-105066, TX-SML, VA-MLO-37958VA, WV-105066